Offering on a probate property - Better deal?

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p00hsticks said:

mi-key said:

You are often less likely to get a probate property cheaper. Often the people who have inherited are not desperate for the money as it is just a bonus for them, so they are happy to hang on for the best price.

They'll also soon find out that maintaining an empty property while awaiting a sale can be both worrying and costly (council tax kicks in again six months after probate and unoccupied property insurance is pricy) which eats into their inheritance as each month passes, and is an incentive to try to get a quick sale.

I'm not convinced with that argument. Council tax, insurance and even maintenance is small change compared to knocking £20,000 or whatever off the price of a property for a quick sale. You could hold out for a couple of years to get your desired asking price and still come out on top.

More to the point, as @silvercar and others have pointed out, unlike a non-probate property there'll very often be more than one party with a vested interest and all would have to agree to accept any lower price.